After the development was complete Discovery stepped away from operating the club, then Vaquero’s CFO siphoned millions out of the club putting them in a horrible position. I believe discovery had to step back in to operate and spent the last couple years revamping. They just finished the golf course reno in ‘23.
@SideHustle_LP Interesting, I was syndicating a small Oilfield mfg, company last year and was able to get a lot of feedback but my target list just wasn’t enough folks.
Would like to review that process with you if you’re open to it, as starting to look at more deals.
@Jake_Salyer@fortworthchris Thanks Jake, @fortworthchris I believe we’ve met but happy to re-connect on this. My parents have been in the jewelry business for 38+ years and specialize in custom work (also located in your backyard). Will send you a DM with my contact info.
@MrFamilyOffice Company that manufactures electrical components as well as steel housing structures that aid in the electrification and automation of oil and gas production
$26mm rev., $4mm EBITDA (TTM) at 3.5x with $20mm of backlog and line of sight to $40mm+ in 18 months
@colin_of_canada 5) “If you have seen one FO, you have only seen one FO”... Some can be amazing, some boring/terrible. FO has the opportunity to be the coolest.
@colin_of_canada 4) Since exiting from operating business we focus on seeding Gp’s with asset class or industry expertise and helping build them firms. Has been major source of capital and wealth creation in doing this.